Hedge fund Cheyne's bonus pool balloons

Strong fund performance helped $6bn alternatives manager more than treble profits in the 12 months to the end of March last year

Cheyne is based close to London's Green Park

The discretionary bonus pool for partners at Cheyne Capital Management more than trebled to a post-crisis high of £25.3 million in the 12 months to the end of March last year, as strong fund performance fulled growth at the alternatives manager.

The latest accounts for $6 billion manager Cheyne Capital Management (UK) LLP, which cover the 12 months to the end of March 2014, revealed that both revenues and profits surged from the previous 12 months. Accounts for the St James's-based firm were filed at Companies House over the...